Is Benton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Benton Charter Township has remained a Seller's Market.
Housing Prices in Benton Charter Township, MI
How much do homes in Benton Charter Township, MI cost?
Median Sold Price
$167,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Benton Charter Township was $167,000 in June 2024, up 20.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57K | $84K | +47.4% |
2 Bedrooms | $90.9K | $100K | +10.0% |
3 Bedrooms | $150K | $176.8K | +17.9% |
4 Bedrooms | $220K | $311.5K | +41.6% |
5+ Bedrooms | $296K | $306K | +3.4% |
Summary: Benton Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Benton Harbor | $144.9K | $182K | +25.5% |
Benton Charter Township | $139K | $167K | +20.1% |
Royalton Township | $395K | $420K | +6.3% |
Hagar Township | $220K | $230K | +4.5% |
Housing Supply in Benton Charter Township, MI
How many homes are available in Benton Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The Benton Charter Township real estate market had 41 homes for sale in June 2024, a 2.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Benton Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Benton Charter Township in June 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Benton Charter Township, MI
How long does it take to sell a home in Benton Charter Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
105 Days | 79 Days | -24.0% |
Summary: Homes in Benton Charter Township had an average of 79 days on market in Jun 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Benton Charter Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.